PANews reported on November 18 that according to Cointelegraph, multinational investment company and spot Bitcoin ETF issuer BlackRock has obtained a business license to operate in Abu Dhabi, the capital of the United Arab Emirates. The UAE is a popular cryptocurrency center, but the report did not mention digital assets. Bloomberg commented that the license reflects BlackRock's interest in expanding in cryptocurrency-friendly regions.
Charles Hatami, BlackRock’s head of the Middle East, said in a statement that the firm will focus on private markets and artificial intelligence infrastructure. It is also seeking a license to operate in the Abu Dhabi Global Market (ADGM).
